March 05
Nigeria: 9 Months After, CBN Names 16 New Directors
Daily Trust
The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments, nine months after it relieved the previous directors from the services of the bank as well… Read more »
Liberia: CBL Hosts Validation Workshop On Draft Insurance Act
Liberian Observer
As a crucial step toward establishing the National Insurance Commission of Liberia, the Central Bank of Liberia (CBL) on Wednesday, March 5, begins a three-day validation workshop… Read more »
March 04
Nigeria: Cash Crunch Triggers 171% Rise in Banks' Borrowings From CBN
Vanguard
In apparent reflection of liquidity constraints in the interbank money market, banks' borrowing from the Central Bank of Nigeria, CBN, rose by 171 percent month-on-month (MoM) to… Read more »
Kenya: I&m Bank Boosts Presence With Nine New Branches
Capital FM
I&M Bank has opened nine new branches countrywide, pushing its nationwide presence to 61 outlets. Read more »
Ghana: Absa Opens Innovative SME Banking Suite in Kumasi
Ghanaian Times
Absa Bank Ghana has opened an SME Banking Suite at its Adum branch in Kumasi to support Small and Medium Enterprises (SMEs) in the region. Read more »
Uganda: Mumba Kalifungwa Takes Charge At Stanbic Bank Uganda
Nile Post
Mumba Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the nation's largest lender by assets, revenue, and deposits. Read more »
March 03
Nigeria: Wema Bank, SMEDAN Sign MOU to Lift 800,000 Businesses
Daily Trust
Wema Bank has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to empower 800,000 Nigerian businesses. Read more »
Nigeria: Serap to Tinubu - Direct CBN to Suspend ATM Fee Hike Pending Court Verdict
This Day
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to "direct Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) to suspend… Read more »
February 27
Nigeria: Don't Be Scammed! You Can't Apply for Nigeria's Nirsal Bank Products Via This Malicious Website
Africa Check
Don't be scammed! You can't apply for Nigeria's NIRSAL bank products via this malicious website Read more »
Uganda: Dubai Trip for Icea Lion, Post Bank Bancassurance Winner
Nile Post
In a celebration of partnership and excellence, ICEA LION Life Assurance and Post Bank have honored Ms. Amuge Barbra, a teller at Post Bank Kawempe Branch, as the winner of this… Read more »
Liberia: Bloom Bank Africa Liberia Rewards Savers Through 'Aye Waste' Promo Raffle Draw
FrontPageAfrica
Bloom Bank Africa Liberia Limited is working to boost the culture of saving in Liberia with its "Aye Waste" promo raffle draw. Read more »
Nigeria: The CBN Bold Steps Towards Monetary Policy Rate
This Day
CBN's commitment to preserving economic stability through the application of monetary policy is laudable, reckons Isah Aliyu Chiroma Read more »
Nigeria: Smartcash PSB Wins Payment Service Bank Award
This Day
Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, has been recognised as the Outstanding Payment Service Bank of the Year 2024 in the Fintech category at the… Read more »
February 26
Zimbabwe: Zim's Insurance Market Value Seen At U.S.$2,51bn
The Herald
THE value of gross written premium (GWP) in Zimbabwe's insurance market is projected to reach US$2,51 billion this year, driven by non-life insurance growth, a global statistics… Read more »
Nigeria: N30trn Ways and Means - Senate Acuses CBN of Frustrating Investigation
Premium Times
The Senate panel said the CBN was withholding documents on the issue, a claim the bank disputed Read more »
Uganda: Ecobank Brings Together SMEs for Networking
Nile Post
Ecobank Uganda has announced the successful hosting of the Small and Medium Enterprises (SME) Consultative Breakfast Workshop which took place at the Sheraton Hotel. Read more »
February 25
Africa: Wema At 80 - How Wema Bank's Digital Platform, Alat Changed the Face of Banking in Africa [press release]
Premium Times
The story of ALAT is a testament to the power of innovation and resilience. In just a few years, the platform has transformed the banking landscape in Nigeria and set a new… Read more »
February 23
Nigeria: Banking Across Decades - Celebrating Wema Bank's Key Milestones At 80
This Day
Wema Bank, Nigeria's foremost innovative financial institution and the pioneer of Africa's first fully digital bank, stands as a beacon of resilience, innovation, and unwavering… Read more »
February 21
Tanzania: How Tanzania's Farmers, Pastoralists Paid the Price for a World Bank Project
IPS
A hush had fallen over Mbarali District, but it was not the quiet of peace--it was the silence of uncertainty. Read more »
Zimbabwe: RBZ Dismisses False Claims On People's Own Savings Bank Sale
The Herald
The Reserve Bank of Zimbabwe (RBZ) has dismissed as false social media claims that the People's Own Savings Bank (POSB) has been sold to foreign investors. Read more »
Liberia: The Frustrating Reality of Liberian Banks in Monrovia - the Daily 'System Is Down' Excuse [opinion]
Liberian Observer
In Monrovia, the phrase "System is down" has become an all-too-common excuse from banks, leaving customers stranded, frustrated, and disillusioned with the financial sector.… Read more »
Uganda: Centenary Bank to Host the 17th Gabv Annual General Meeting
Independent (Kampala)
Centenary Bank, Uganda's leading microfinance institution, has today announced that it will host this year's edition of the Global Alliance for Banking on Values (GABV) Annual… Read more »
Nigeria: Stock Market Reverse Gains As CBN Retains Mpr At 27.5 Percent
This Day
The Nigerian equities market yesterday bowed to investors' profit-taking with a decline of 0.04 per cent, as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria… Read more »
February 20
Nigeria: Experts Challenge Insurers On Use of 2025 Budget Insurance Penetration
Vanguard
Experts in the financial services sector have charged insurance practitioners to capitalize on opportunities in the 2025 budget to drive insurance penetration. Read more »
Zimbabwe: Ecocash Holdings to Rebrand As Nyambirai Assumes 53,3% in Steward Bank
New Zimbabwe
ECOCASH Holdings Limited says it will soon rebrand as Steward Bank is now the only remaining unit under its purview following the takeover by businessman Tawanda Nyambirai. Read more »
